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As it Happened: Binance Denies Ripping Off $1 million From a User's Account

As it Happened: Binance Denies Ripping Off $1 million From a User's Account

Binance, one of the largest crypto exchanges based on trade volume, has hit back at embezzlement claims made in November 2018 after it froze a user’s account with crypto assets worth $1 million. It claims that its actions were based on a tip-off by the South Korean police to return the funds to a scam victim.

G7 Reports Stablecoins Like Libra Threaten Financial Security

G7 Reports Stablecoins Like Libra Threaten Financial Security

According to the BBC, the G7 group of nations has drafted a report outlining nine major risks that digital currencies, such as Facebook’s proposed Libra, pose to the global financial system.

Tether Plans to Issue Stablecoin Backed by Chinese Yuan

Tether Plans to Issue Stablecoin Backed by Chinese Yuan

Tether has been reportedly working on a new stablecoin pegged to the Chinese Yuan. The stablecoin project named “CNHT” came from the intention of Zhao Dong, one of the shareholders of the Bitfinex crypto exchange.

Libra Forms Governing Board Despite Shrinking Membership

Libra Forms Governing Board Despite Shrinking Membership

The Libra Association has reaffirmed its commitment in creating a payments-oriented stablecoin, holding its inaugural meeting yesterday in Geneva, Switzerland.

Ethereum Price Rally to Continue as Over $529 Million Staked Ahead of ETH 2.0 Launch

Ethereum Price Rally to Continue as Over $529 Million Staked Ahead of ETH 2.0 Launch

In anticipation of the Ethereum 2.0 Phase 0 launch, an enormous amount of Ethereum has already been staked for its deposit contract as part of the PoS network.

KuCoin Exchange Restores All Token Deposit and Withdrawal Services Following Massive Hack

KuCoin Exchange Restores All Token Deposit and Withdrawal Services Following Massive Hack

KuCoin announced yesterday that the withdrawal and deposit services for all tokens will finally be resumed on the crypto exchange.

Upbit Exchange Hacked For 50 Million Dollars in Ethereum

Upbit Exchange Hacked For 50 Million Dollars in Ethereum

CEO of Upbit, wrote a report explaining the reasons why deposits and withdrawals were not functional on the exchange at the moment, noting that a shocking total of 342,000 ETH were stolen from the Upbit Ethereum Hot Wallet.

2% of Ethereum Supply Is Now Staked in ETH 2.0 Deposit Contract

2% of Ethereum Supply Is Now Staked in ETH 2.0 Deposit Contract

Amid the notable uptrend it experienced in recent weeks, 2% of Ethereum's total supply is now staked in ETH 2.0 deposit contract.

Singapore’s Central Bank Raises Alarm About a Bitcoin Scam

Singapore’s Central Bank Raises Alarm About a Bitcoin Scam

Singapore’s Central Bank enlightens the public about a Bitcoin Scam with a supposed initiative known as Bitcoin Loophole where investors’ trades are run.

Ethereum’s Launch Ready for Take-Off as Deposit Contract Target Met, ETH Price Smashes $600

Ethereum’s Launch Ready for Take-Off as Deposit Contract Target Met, ETH Price Smashes $600

Ethereum 2.0’s launch is going to happen on December 1 at 12 pm, as the required number of staked Ether for the deposit contract was locked in late last night.

Ethereum Price Surges as ETH 2.0 Launch Date Announced, $2 Million Ether Locked Up Within 2 Hours

Ethereum Price Surges as ETH 2.0 Launch Date Announced, $2 Million Ether Locked Up Within 2 Hours

After having suffered a strong dip in the past week, Ethereum managed to gain some bullish momentum and rallied to over the $400 mark.

IBM and R3 to Scale Up Hybrid Cloud with Blockchain Capabilities

IBM and R3 to Scale Up Hybrid Cloud with Blockchain Capabilities

Tech giant IBM has teamed up with R3, an enterprise software company, to boost the hybrid cloud with blockchain capabilities.

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